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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 14,028 $ 36,687
Accounts receivable (net of allowance for doubtful accounts of $5,145 as of August 31, 2020 and $4,951 as of February 29, 2020) 114,295 139,214
Inventories:    
Raw material 83,364 88,837
Work-in-process 8,969 5,543
Finished goods 2,045 5,461
Contract assets 64,199 70,093
Prepaid expenses and other 7,117 8,727
Assets held for sale 16,916 0
Total current assets 310,933 354,562
Property, plant and equipment, net 200,420 213,104
Operating Lease, Right-of-Use Asset 40,049 43,208
Goodwill 351,755 356,225
Intangibles and other assets, net 96,795 106,732
Total assets 999,952 1,073,831
Current liabilities:    
Accounts payable 46,443 61,987
Income tax payable 0 2,876
Accrued salaries and wages 18,597 38,882
Other accrued liabilities 24,287 26,868
Customer deposits 402 255
Contract liabilities 13,756 18,418
Lease liability, short-term 6,254 6,327
Debt due within one year 125,000 125,000
Liabilities held for sale 6,097 0
Total current liabilities 240,836 280,613
Debt due after one year, net 46,945 77,878
Operating Lease, Liability, Noncurrent 34,893 38,114
Other long-term liabilities 13,227 4,934
Deferred income taxes 32,510 37,926
Total liabilities 368,411 439,465
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 26,076 shares issued and outstanding at August 31, 2020 and 26,148 shares issued and outstanding at February 29, 2020 26,076 26,148
Capital in excess of par value 71,797 66,703
Retained earnings 561,094 572,414
Accumulated other comprehensive loss (27,426) (30,899)
Total shareholders’ equity 631,541 634,366
Total liabilities and shareholders' equity $ 999,952 $ 1,073,831